Post
Topic
Board Beginners & Help
Re: Effects of Binance Changing Wallet Addresses
by
Cryptomultiplier
on 20/05/2023, 20:51:18 UTC
I thinl thats good move changing it might refresh our deposit address to fresh one and leaving the old one. I think its better if they could do that on 6 months basis instead of a longer one so people can always change theit depo address that might be track by some scammers due to continously been used of. For me its a nice move for the Binance team and they had explained it ms an upgrade for security purposes too.
I agree this is a good move from Binance if security is their priority. However some users may find it negative for them especially when they miss the announcement and still send coins or tokens to expired addresses. If that's the impact they have in mind, then I hope they should read the announcements and whatever details Binance has said in case any user is still sending coins or tokens to the old address instead of the new address.

If that's what they're worried about, then I hope they find the answers here: Existing Deposit Addresses to Be Retired (2023-04-18)

My point exactly. What happens if coins is sent to the wrong address? Is Binance going to ensure a failsafe in case of such mishap?

Am not really worried about how we would get the new address because am sure they would send a notification to the users on how to secure the new address. Am sure this would require the users to also update the software app on their device.